New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-04

the the .6ss az s @ cs aeanss r a
weeks Of three years compare as follows
ssSSs sSSsS @
The local market continued to rule high last
high as 90 per cent per annum In the middle OF the
week the rates ruled at 69l5 per cent but again on
Il per cent commission and per cent interest was paid
for money over night ON Friday the more general rate
was about Is cent The natural closer WORKING OF
money preparation for the payment OF July interest
dividends was aggravated by the stock Exchange rule
carrying all loans made on Friday over IN Monday
has been noticed that every Friday since the rule went
into effect there has been an unusual calling In OF loans
and the withdrawal Of large amounts OF money from the
Stock Exchange loan market The reason Is apparent
Banks and bankers who usually Loan tner balances Iron
TO make loan over legal holiday. They must be pre-
upon them and II their money IS under contract where
it cannot be called in If wanted they
The making of two days interest does not pay for
that risk Compared with the total OF loans the amount
rates In fact at time last week was there scarcity
OF money II was only question OF rates Inc treas
helped the market because there official pubca-
made OF the oaer and the bank, gained more from
the week Yesterday money was offered to bankers at
per cent, aud loans were made at per cent The
rates The foreign exchanges were depressed by the
strnsency in money and at one time were amost nnsa
ter demand caused some recoyeres in quotations ana
he eo,sd steady on r the so oa III % ana
tho Stock Exchange II has been week OF feyerisn
markets and rapid fluctuations Generally the lowest
prices OF the preceding Friday were not recorded Tor
stocks But Pacific Mall Reading, and Central OF New
Jersey and one two other stocks made deeper dlps
As rule, the fluctuations within range or per
cent and the market has steadily improved IN tone The
in stocks aggregated 1l4o24 shares or
nve days. against 027675 shares for the preceding
Generally the final prices are close up To the pest
the week and from L. TO per cent higher IMAM week
ago. Manhattan fuctuated between 1873 aud III anu
closed l2OL but is erratc movements have ceased
to affect the general Of prices All the news
OF week favorable. Crops are reported 10 DC n
exceptionally good condition, and the foreign demand
for breadstufs continues 10 he large The Nanderbt
trunk line roads reports OF their quarterly and
sen-annua business June 30. The New YORK Central
surplus for the quarter 81 000O-a sum never
ennasd by the same quarter OF the year since the COM
pany began 10 make quarterly reports-and the operat
Ing expenses include about 100000 FOR aduitlonai
eouipments Lake shores surplus for the mar year.
after paving $4,000 for new cars. Is pllooZ'o TINS
surplus the frat halt mas been equaled Dut twice
in ten years-n 1879 and 1850 Michigan Central ana
Canada Southern return surplus for the six months
OF S57IOOO which has not been equaIled since 1855
None properties favored by suspension OF
the long short haul section OF the Interstate Com
law the contrary all the companies iihHeu
atey upon the passage OF the act put themselves III nc
cord with Us provisions .,
As yesterday, by the day OF the week and the month";
was the anniversary event which popularity sup,
posed 10 have marked epoch IN the commercial anu
financial history OF this cOuurythe shooting OF fres
dent Gareld-we weekly range, prefix the prices
OF sfocks July l, 1881.
Suboiued usual table giving the highest lowest
and prices and number OF shares sofa Tor he week.
together the dnal prices OF week ago OF seventy
two active or represen stocks, prehxei by tue
prices OF July l, 1881:
WEEKLY RANGE.